Cincinnati Bell intends to spin off its data center unit,...
Cincinnati Bell intends to spin off its data center unit, CyrusOne, into a separate business and pursue an initial public offering to help pay down debt in its other units, the company said late Thursday. The company acquired CyrusOne in…
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2010 for $525 million. The company’s total wireless subscribers decreased to 446,000 at the end of Q1, from 504,000 in the year-ago quarter. But the company continued to grow its smartphone subscriber base and had a total of 126,000 smartphone customers at the end of the quarter, up from 111,000 from Q1 2011. The carrier’s Q1 profit of $13 million was down about 27 percent year over year. Total wireless revenue dropped to $64 million from $71 million. When Cincinnati Bell said recently it was considering options for the data-center business, analysts predicted that mergers and acquisitions among such operations industrywide would continue rising (CD Feb 14 p15).